Today, NFT is being discussed everywhere. A genuine buzz. And, admittedly, the concept of creating and using non-fungible tokens appears to be quite appealing – hence its widespread acceptance.
What exactly is NFT?
I’ve already discussed what NFT is in several of my articles. It was likely necessary to write a separate short article about the meaning of this term. Although, if you are reading this article, you most likely already know what NFT is.
It’s a non-transferable token. Tokens in regular cryptocurrencies are fungible. Ordinary currencies can also be thought of as fungible token analogues. The bills have the same denomination. Non-fungible tokens, on the other hand, are a different story. Consider the thousandth bill Elon Musk has signed. She is one-of-a-kind. Tokens (in this case, bills) are non-fungible because of their unique “content.”
NFTs, in other words, are tokens with unique content. The rarity of these tokens is often what makes them valuable. Tokens can be attached to digital paintings, musical works, video files, and even objects from the original system. At the same time, the token serves as proof of ownership of a specific file or item. It’s a digital ownership certificate. Use solutions for nft marketplace development.
A step-by-step guide to making an NFT
So you’ve made the decision to create your own NFT. What you must do is as follows:
- Choose a platform and a blockchain.
- Make a decision about what you’ll mint in the NFT. It could be a picture, video, or audio file, or any physical object from the real world.
- To pay commissions, get a cryptocurrency.
- Get yourself a wallet to keep your NFT in.
Which blockchain should you use?
Ethereum and Binance Smart Chain are two popular blockchains for new NFTs today. Because issuing NFTs on Ethereum is more expensive, I recommend starting with Binance Smart Chain (BSC), which is known for its low transaction fees and speed.
Recommendations for improving your NFT’s attractiveness
Don’t be afraid to ask a lot for your NFT. Others will not appreciate your work if you do not value it. Works priced between $150 and $300 will have a harder time attracting serious collectors and investors. Especially when it comes to NFTs on Ethereum, where few people want to deal with cheap NFTs due to horse fees.
Your NFT should have some sort of concept. It’s fantastic if your ideas are original and you don’t copy successful authors. Attempt to convey the work’s meaning to the audience. Collectors of art place a premium on conceptualism. As a result, pay close attention to the NFT’s description. Also, don’t forget to promote your work on social media, which you should do actively to build a name that will later work for you.
Do not overwork your circulation. If you print your NFTs in a single copy, they will appeal to collectors more. A circulation of up to 10 copies of one work is considered reasonable, but once the bill reaches the tens, hundreds, or thousands, it is considered excessive.
Treat your creativity with care. Making art should become a significant part of your life – your work. Create frequently and in large quantities, and your efforts will inevitably bear fruit, and your work will gain a growing following.
Which website should you visit?
The following are the most popular BSC sites:
BakerySwap. A cryptocurrency exchanger that works similarly to PancakeSwap but also includes Whitelabel NFT marketplace functionality. NFT can be created from a picture, gif, video, or audio file. It will cost you about $5 to organize your own NFT here.
Juggernaut. Images, GIFs, video, and audio can all be used to create NFTs in this marketplace. Creating a non-fungible token on Juggernaut costs around $6. Treasureland. You can create NFTs for free on this DEGO Finance website; the commission for creation is paid by the buyer of your NFT.
If you want to send your NFT to someone, you must pay. There is a misconception that NFT can only be made from pictures and gifs on this site, but this is not the case. Pictures and GIFs can be used as NFT covers, which is apparently where the confusion arises. However, NFTs can be made from images, video, or audio.
